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MARKET OVERVIEW

1.1 Definition and presentation

A pharmacy is the store where drugs and other products and items that are used for the treatment of ailments and diseases are sold, such as syringes, band-aids, diapers, disinfectants, thermometers, dietary foods, food supplements, etc.; sometimes a laboratory is attached to the store where medicines are produced that the pharmacist himself prepares on the doctor's instructions. The global pharmaceutical market has experienced significant growth in recent years. At the end of 2020, the total global pharmaceutical market was valued at about $1.27 trillion.

This represents a significant increase since 2001, when the market was worth $390 billion. The Italian pharmacy market contracted slightly during the pandemic period (-1.7 %), but the outlook is positive, with projected 2022 sales greater than 2019 sales of more than $30 billion. There are currently about 19,100 pharmacies in Italy. The average profitability of these is declining, but the figure has also been affected by the opening of about 300 new pharmacies per year in recent years. This has resulted in an average reduction in the individual pharmacy's catchment area of 7 % over the past three years. This is in contrast to the rest of Europe; in fact, the Belpaese is currently the only country to increase outlets.

The pandemic has also had a strong impact on online pharmacy purchases. In fact, while in 2019 the value of pharmacy e-commerce in Italy was about 234 million euros, in 2020 there was an acceleration of 66 %. This is indeed a small share compared to the total market, but e-commerce represents a positive outlook for the future.

Italy is also home to some of the most important global pharmaceutical groups, including Menarini, Chiesi, Bracco, Recordati, Alfasigma, Angelini, Italfarmaco and many others.

1.2 The global pharmaceutical market is growing

The pharmaceutical industry in the world:

Every year, the French syndicate Leem (***) publishes an economic report. In the Economic Report-Edition ****, the syndicate reports that in **** the market for pharmaceuticals at production prices reached $* *** billion in sales, * % more than in ****. The market size is distributed around the world according to the chart ...

1.3 Weak domestic market growth

The pharmacy market in Italy is worth **.** billion euros in ****.

Turnover generated by pharmacies Italy, ****-****, in billion euros Source: ****

This graph shows the evolution over the last decade of the turnover of the pharmacy market in Italy. It can be seen that the value has remained fairly stable all the ...

1.4 Drug trade flows

In this part, the trade flows created by pharmacies will be analyzed, so it is about pharmaceuticals.

Value of trade in pharmaceutical products Italy, ****-****, in millions of USD Source: ****

In the graph above you can see the evolution of trade (***) between Italy and the world. The graph does not take ...

1.5 Post Covid-19: industry increasingly invested in research

Data published by Efpia, the European Federation of the Pharmaceutical Industry, tell of a leading Italy in the EU by value of production. Even before the pandemic, the beautiful country was among the top European countries in terms of research spending and investment, and this position has strengthened in the last ...

DEMAND ANALYSIS

2.1 Italian consumption on the rise

Italians are consuming more and more pharmaceutical products; it is a growing trend that has been established since ****. In Europe, Italy is not a large consumer of pharmaceuticals, but it is one of the few countries with a growing trend of consumption.

Change in per capita consumption of pharmaceuticals France, Germany, ...

2.2 Focus Covid-19 and products sold in pharmacies

The Covid-** pandemic greatly impacted the population, who in the early ****s and chased also during **** and **** had to protect themselves and buy various hygienic and other related products. These are in particular:

Masks Hand sanitizers Tests against Covid-**

Semi-annual sales of products against Covid-** Italy, ****-****, in millions of euros Source: ...

2.3 Cosmetics sold in pharmacies

The value of cosmetics sold in pharmacies in **** contracted by *.* %, with generated sales of *.* billion euros. Since February ****, the channel has also benefited from the possibility of remaining open so that overtaking has occurred, in the ranking of sales by channel, compared to perfumery, which, on the other hand, has suffered ...

2.4 Italian regions that consume the most

From November **** to October ****, an average pharmacy in Italy will issue about **.* thousand receipts. This statistic breaks this down by region, showing the average number of receipts issued by an individual pharmacy for each administrative area. Campania is the region where pharmacies issued the most receipts in the ** months under consideration, ...

MARKET STRUCTURE

3.1 Global and national leaders in the industry

Top ** global pharmaceutical companies World, ****, in billions of USD Source: ****

The chart above shows the top ** global companies in the industry. We can see that there are no Italian companies in this list, despite the notoriety of Abiogen Pharma, Alfasigma, Angelini, Chiesi or Menarini. However, thanks to major Italian investments in ...

3.2 Distribution channels

The distribution channels of the pharmacy market are:

Pharmacies: Pharmacies are the only commercial establishments authorized to sell ethical medicines, and they also sell Sop-Otc and extra-drugs in the presence of a pharmacist. To open a pharmacy, it is necessary to obtain a specific license, the supply of which is restricted ...

3.3 Italian pharmacies

The relationship with the public:

Here are some facts about pharmacies in Italy in the year ****:

Total number of pharmacies: **,*** Number of citizens who visit pharmacies daily: * million Number of citizens requesting pharmaceutical service at home: *** per month Number of pharmacies open at night: * ***

[***]

Pharmacies in the territory:

This map ...

3.4 The employment of pharmacies

Annual pharmacy undergraduates in the last decade were:

Pharmacy graduates Italy, ****-****, in whole numbers Source: ****

Pharmacists working in private pharmacies are covered by a specific labor contract, the "National Collective Bargaining Agreement for Private Pharmacy Employees," signed by the Pharmacy Employees' Unions and Federfarma. In the past decade, the number ...

SUPPLY ANALYSIS

4.1 The prices charged in the Italian market

**** shows a slight increase in drug prices(***). These data confirm the historical trend of the relationship between drug prices and inflation, generally declining in all European countries, but more rapidly in Italy.

Variation in medicine prices Italy-EU, ****-****, in % Source: ****

The graph above shows the change in medicine prices for different ...

4.2 The parapharmacies

Legislative Decree No. *** Article * of July *, ****, which opened the possibility of selling certain types of drugs outside of pharmacies to achieve economic and social revitalization, marked the birth of parapharmacies. Since its implementation, the number of parapharmacies has grown rapidly throughout the country, reaching **** units in ****.

Analyzing other distribution channels, we ...

4.3 Online commerce boom: double-digit growth

According to Iqvia data, in ****, the value of pharmacy e-commerce in Italy was about *** million euros, an acceleration of more than ** percent from the ** million in ****. According to forecasts, the Italian market will continue to grow, reaching €*** million in ****, while sales of €*** million are expected in ****. If these double-digit growth estimates ...

REGULATIONS

5.1 Opening a pharmacy: rules and regulations

Pharmaceutical service is regulated in our country by a complex of regulations contained in different legislative sources that, over time, have come to overlap with each other. The main normative sources are:

R.D. **.**.****, no. **** "Testo Unico delle Leggi Sanitarie" R.D. **-*-**** No. **** "Approval of the regulations for the ...

POSITIONING OF ACTORS

6.1 Segmentation of actors

  • Farmaè
  • Bayer France
  • Bennet
  • Pulker Farma Parafarmacie

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Reviews (4)

The Insulin Pump Market - France

Publicado en 11/01/2022 by Amaury Wernert

A very precise and detailed study of this market, driven by the strong growth of this disease in the world


Businesscoot Response:

Hello Amaury, Thank you for your feedback. We are happy to read that the content of the study has fully met your expectations. :)

The dental implant market - France

Publicado en 07/01/2022 by Denis Monnoyeur

The study highlights three trends: the dynamism of the market, the concentration of players and the practice of high prices.


Businesscoot Response:

Hello Denis, Thank you very much for this very positive review! We are delighted to see that you appreciate our studies and we thank you for the trust you have placed in us.

The Parapharmacy Market - France

Publicado en 07/01/2022 by Client anonyme - Ce client a souhaité rester anonyme

Clear and concise generic study. Well documented. However, I would have liked to see that the actors' files at the end of the report corresponded precisely to those stated in the report.


Businesscoot Response:

Hello, Thank you for your feedback on our study. We are planning to update it taking into account your remarks, we will keep you informed as soon as it is available.

The nursing home market - France

Publicado en 09/12/2021 by François Lescop - Arbitrym

Up-to-date and very well constructed study. A focus section on the EHPAD financing ecosystem (a mind mapping of the actors for example) would have completed the document well. Who pays for what? This question is crucial for investing in a hybrid sector, caught between the public sector, the injunctions of the medico-social sector and the opportunities of the private sector.


Businesscoot Response:

Hello François, Thank you for your feedback on our study. We will keep you informed if an update is made by our teams soon. :)